How to use on-chain data to find altcoins?
Some voices say that altcoins will return to the stage after ETH ETF approval. On-chain data always tells the truth of altcoins better than exchange data. Tokenview is one user-friendly crypto tool to query and display kinds of tokens in 100+ types of blockchains.
Let’s take very popular Trump Token as an example. Trump Token is known as MAGA. MAGA is on Ethereum blockchain.
- Find MAGA contract
Query contract address 0x576e2bed8f7b46d34016198911cdf9886f78bea7 in tokenview. In this page, Transaction Count shows the activity of this token on Ethereum blockchain. The higher the value, the more active the transaction, the more focus it will receive and the more popular it will become. Creator is who created this token. It will help track this token history. The First Transaction shows the earliest transaction information of this token.
2. MAGA Details
After click Token Tracker, it will show token details. Totally 47,000,000 TRUMP are supplied. Token holders (addresses) show whether this token is centralized or decentralized. You may query daily transfers of TRUMP token. Normally, sharp fluctuations in price are positively correlated with the number of Transfers of this token.
How many wallet addresses participate in transactions every day? Active Address chart will show it. If token price is rising, normally accompanied by new user’s join. New Address chart will show it.
3. Token’s Rich List
In MAGA detail page, Holders show who has the most TRUMP and its amount.
